Rectangle Pattern

This scanner will identify stocks exhibiting a rectangle pattern, where the recent two peaks and lows are confined within a narrow range of 2%, indicating a potential period of consolidation. You can refer to the following blog to know more: https://blog.streak.tech/trading-chart-patterns-with-streak/

Conditions

Period max(40, High(-1) ) lower than Period max(40, High(-41) ) * Multitime frame(hour, 1.02 ) and Period max(40, High(-1) ) higher than Period max(40, High(-41) ) * Multitime frame(hour, 0.98 ) and Period min(40, Low(-1) ) lower than Period min(40, Low(-41) ) * Multitime frame(hour, 1.02 ) and Period min(40, Low(-1) ) higher than Period min(40, Low(-41) ) * Multitime frame(hour, 0.98 )

stocks

• NSE

  AXISBANK

• NSE

  GRASIM

• NSE

  HCLTECH

• NSE

  HDFCBANK

• NSE

  ITC

• NSE

  M&M